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Loyalward ltd Minoan Cavo Sidero Resort

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  • #28534
    moggy1923
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        • Practcally Cretan
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        Article link on the Cavo Sidero Resort via google translate to cretelive.gr no longer works

        Rest of this thread on the #Lassithi #tourism project is active. Well worth for you to see the lamentable history.

        http://translate.google.co.uk/translate?hl=en&sl=el&u=http://www.cretalive.gr/&ei=4yn5TMvUHY2EhQfB29y2CQ&sa=X&oi=translate&ct=result&resnum=1&ved=0CCYQ7gEwAA&prev=/search%3Fq%3Dcretalive.gr%26hl%3Den%26client%3Dfirefox-a%26hs%3DIcF%26rls%3Dorg.mozilla:en-GB:official%26prmd%3Div

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        BullionVault

        #29009
        x5kmt
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            Or perhaps try this….

            http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10731423

            Looks as if the development may eventually go ahead, but in a slightly different form to the original plans.

            Kathleen

            #29287
            latsida
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                from todays Ekathimerini (Dec 4, 2010)

                CAVO SIDERO
                Court rules major tourism project on Crete illegal
                The Council of State yesterday ruled illegal a controversial project to build a large holiday complex and golf course on a 2,500-hectare plot on the eastern tip of Crete, dubbed Cavo Sidero. The country’s highest administrative court deemed that a ministerial decision issued in February 2007, granting a British development company the right to proceed with the project, was illegal as it violated restrictions for construction on the island.

                #29494
                admin
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                    CAVO SIDERO PROJECT

                    Following Latsida’s contribution of Dec 4, 2010, an update … Good on all those that gave their support …

                    Dear Gerald,

                    On Sep  2, 2010, you signed the petition, Save the Cretan Landscape: Stop Golf Development on Cavo Sidero.

                    The petition authors, Jennifer Moody/ Oliver Rackham: The making of the Cretan landscape, have now closed the petition and sent this message to all its signers:

                    April 9, 2011

                    Thank you! You really did make a difference! On December 3, 2010 the Council of State, Greece’s Supreme Administrative Court, found in our favor and canceled approval of the Cavo Sidero Golf Resort. Copies of the petition, including comments, were placed before the judges and formed an important part of the evidence.

                    This has been a long, hard fought battle by thousands of people but especially a core of some 300 local citizens who took on big business and big government and against incredible odds won this court case.

                    Your support bolstered morale and demonstrated that this was not merely a local affair; that the world does indeed care about the future of this remote corner of Crete. People from 88 countries all over the world signed the Cavo Sidero Petition: 40% from Greece; 16% from France; 13% from the UK; 8% from the USA; 5% from Belgium; 4% from Germany; 2% from Italy; and 1% from Switzerland, Canada, The Netherlands, Spain, Austria and Cyprus. We are delighted that so many people, according to their comments, have been all the way to the north-east tip of Crete and know and appreciate its beauty and its wildlife.

                    Sadly, the landscape is not entirely secure. The land remains in the hands of Moní Toploú which continues to allow serious overgrazing and the bulldozing of antiquities. Cultivation of the Itanos basin is still leaking agro-chemicals into the Vaï palm-wood. Most alarmingly, we hear that the palms have now been attacked by the Red Palm Weevil, an insect that has decimated many kinds of palm trees from India to California and is now ravaging Crete!

                    Also, Minoan Group/Loyalward have openly declared their intention to return with a new plan, hoping to have it speedily passed through a recently enacted “fast-track” procedure aimed at assisting such projects by bypassing legitimate objections from private citizens and government departments. While the legitimacy of such efforts is questionable, we must remain vigilant.

                    Whether by Minoan Group/Loyalward or some other organization, a new development proposal for Cavo Sidero will be submitted. It is important to be prepared with a plan that works with, not against, the special character of the area. To this end an international conference on the future of this area is planned to be hosted by the provincial government of Lasithi.

                    Thus, the battle to save the Cavo Sidero landscape continues on several different fronts, including a criminal trial set to begin in Khania (Chania) on April 15, 2011 against the Abbot and seven government expert witnesses. They are accused of fraudulently leading the court into a 1999 decision which secured the Monastery’s ownership of the land against claims by the Greek State.

                    As part of the effort to protect Cavo Sidero and other sensitive areas from unsustainable development, an international team (who worked selflessly for over three years with little or no pay) filmed a documentary: A Thousand Lost Golf Balls. A film about development (copyright Real-Life Documentaries 2010, directed by Vangelis Kalaitzis). It presents the full spectrum of opinion about this landmark case; the history of the development; and possible futures for this and other undeveloped areas, exploring proposals for sustainable ways of managing the land for generations to come using its natural assets. It is also a record of the landscape as it is today – undeveloped. The film has now been shown at Ecoweek 2010 and the 2011 Thessaloniki Film Festival; a shorter version is to be aired on Greek TV. If you wish to purchase the film or contribute to its expenses please contact Cliff Cook (writer and narrator) Cliffcoo(at)otenet.gr.

                    If you have any further questions about the Cavo Sidero area please do not hesitate to email one or both of us at the addresses below.

                    And so with this letter we officially close this Cavo Sidero petition. We are extremely grateful to all 11, 014 of you for signing it and helping preserve this landscape from catastrophic development; it was a magnificent response. Thank you so very much.
                    Signed by Jennifer Moody hogwildjam(at)mac.com
                    Environmental Archaeologist
                    MacArthur Fellow 1989-1994
                    Research Fellow, Department of Classics
                    University of Texas at Austin

                    Oliver Rackham or10001(at)cam.ac.uk
                    OBE, Fellow of the British Academy
                    Honorary Professor of Historical Ecology
                    Former Master of Corpus Christi College, Cambridge

                    • This reply was modified 3 years, 5 months ago by ProfProject Support.
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                    #29640
                    Anonymous
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                        7B7E7773741A0 wrote:
                        Following Latsida’s contribution of Dec 4, 2010, an update … Good on all those that gave their support ………………….
                        Thank you! You really did make a difference!

                        Yep you sure did!

                        You denied work to the local population:

                        You took away the future from hundreds of children:

                        You condemed the population to living in the museum of the last century:

                        You prevented the expansion of Sitea airport which would have brought huge benefits to the tourist industry of eastern Crete:

                        All in all, a good days work!

                        Fred

                        #29755
                        Binx
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                            I have to agree with Fred and Ginger.

                            #29845
                            admin
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                                Fred and Ginger

                                You write as though the Cavo Sidero Project in Lasithi is over.
                                It isn’t.

                                I understand your emotional responses. 

                                I hope you can watch the mentioned documentary if you can, to gain further insight into the development moving forward.

                                Future generations will thank us for having stopped a business model that they would pay for, for years to come in terms of degradation of the environment, for starters.

                                As for condemning the population, that is outrageous conjecture without foundation. Can’t you do better than that?

                                I must have missed the announcement that Siteia Airport expansion has been stopped because of the Cavo Sidero project. Can you point us to a reference? That would be an issue for me if officials have stopped future expansion of Siteia Aiport on that basis.

                                The petition in some small way contributed to a major decision by the courts and current central government to find a better way to develop Cavo Sidero.   

                                ….. so Fred and Ginger, help me to understand why you are so negative …..?

                                #29914
                                Anonymous
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                                    5D585155523C0 wrote:
                                    You write as though the Cavo Sidero Project in Lasithi is over.
                                    It isn’t.

                                    A ministerial decision to approve the project was made in February 2007 following their decision to promote golfing holidays in Crete after research established that golfers were among the highest spending tourists. Now, nearly 4 years later, that decision has been reversed. How much longer do you expect any company to continue to pour money and time into a project which has made no progress after what must be 6 or 7 years work? Even worse than this, what sensible company would now try to build any sort of development in Crete having witnessed this debacle? Much easier to just take their project to Turkey or indeed anywhere else.

                                    5D585155523C0 wrote:
                                    I understand your emotional responses.

                                    From your post you obviously do not!

                                    5D585155523C0 wrote:
                                    Future generations will thank us for having stopped a business model that they would pay for, for years to come in terms of degradation of the environment, for starters.

                                    This is outrageous conjecture without foundation. Can’t you do better than that? (to quote your own words). The choice is simple: Do you want to work & eat this year or sniff flowers in 5 years?

                                    5D585155523C0 wrote:
                                    I must have missed the announcement that Siteia Airport expansion has been stopped because of the Cavo Sidero project. Can you point us to a reference?

                                    Without this project there will be no passengers. Who will sanction the expansion of an airport, with all the “green” issues that this involves and the huge costs involved, when it is no longer needed? Should the government ever decide to sanction the expansion of Sitea Airport I fully expect another petition to prevent it!

                                    5D585155523C0 wrote:
                                    The petition in some small way contributed to a major decision by the courts and current central government to find a better way to develop Cavo Sidero.

                                    It was the declared policy of government to try and attract the golfing fraternity due to their high spend. To my knowledge they have not reversed this policy. As already stated, what company will now want to invest in Cretan tourism after this long running charade or do you expect the bankrupt Greek government to finance it?

                                    Fred

                                    #29970
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                                        It has been contentious, outrageously political, environmentally absurd but at last #Cavo_Sidero peninsula in #Lassithi on #Crete is getting its massive up-market, up-scale resort project.

                                        It is being pushed ahead under the umbrella of #Minoan #Group plc. They have overcome amazing obstacles, court cases, appeals and a Greek bureaucracy that is so mind boggling it defies belief.

                                        It started sometime around 2008 under the name of Loyalward Ltd a British listed company on the AIM London Market. (Later, became Minoan Group plc) Their plans were immediately jumped upon and anti-petitions (which many Brits in Crete members signed) came into play.

                                        In 2008 when the project was first mooted two experts long associated with Crete wrote in the Guardian:
                                        "Anyone with a love of Crete and its environment should strongly oppose this scheme."
                                        Professor Peter Warren
                                        University of Bristol

                                        "It is difficult to conceive of a less sustainable development than that proposed at Cavo Sidero."
                                        David Sawers
                                        Littlehampton, West Sussex
                                        (Guardian article: http://www.theguardian.com/environment/2008/mar/06/conservation)

                                        Now the €267million luxury resort project can move ahead after Greek President, Prokopios Pavlopoulos  signed the Presidential Decree which was Gazetted on March 11, 2016. The degree was finalised after a fast tracked environmental assessment report was approved for 106,000sqm.

                                        The luxury holiday resort plan in one the driest places in Crete includes water sapping golf courses, hotel complex, a conference center, a wellness center and of course a Marina. 

                                        “The issue of the Presidential Decree is a transformational event for the Group and means  that Minoan is in a position to accelerate discussions related to the development of the Project”, Minoan Chairman Christopher Egleton said.

                                        According to Minoan Group, the resort is expected to create 1,200 permanent jobs and another 2,000 for local suppliers.

                                        The Cavo Sidero project has had wobbly legs since 1991 when veryearlypermissions were first sought. Now the real day-to-day permissions are sought from government departments. Will they be fast tracked too?

                                        The formal Minoan news releases

                                        #30016
                                        Fowles
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                                            This is great news for tourism on Crete, to say nothing of employment for all the construction workers and eventually local people.

                                            I expect the same objections came with the development of the West end of the island, as always happens but progress is progress and jobs is jobs. Just hope that the buildings are in keeping with the beautiful surroundings.

                                            #92437
                                            admin
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                                                The Sitia resort, all 25sqm and a 250mill Euro investment is alive and well, BritsinCrete has learned

                                                A report in the ekathimerini newspaper of May 25th, 2021 states that British company, Minoan Plc is planning to get started and appoint a developer.

                                                It has been a long drawn out process, even by Greek standards of government bureaucracy. In fact 25 years worth to date.

                                                Minoan has now named the super luxury 5*****project: “Itanos Gaia.”

                                                Financing is in focus

                                                In an ambiguous statement, it appears Cavo Sidero’s sheer size means the appointed developer and/or Minoan,  needs additional investor support.

                                                Any help available?

                                                Report is here.

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